Money market funds: clarifications needed
Investor confusion about money market funds has led the SEC on June 24th 2009 to change its rules on the product. The need for improved clarity on and classification of MMFs is also needed in Europe. Matheson Ormsby Prentice's Barry Lynch and Fidelma Walshe say that rules to clarify the MMF label are important to secure the success of Ireland as a domicile of choice for MMFs in Europe.
Barry Lynch is a partner and Fidelma Walshe is a solicitor in Asset Management and Investment Funds Group at Matheson Ormsby Prentice.